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now. >>> thank you, victor. see you at the top of the hour. one america but two economies. the evidence is mounting, stocks, jobs, housing, recent data show all three are improving big time, but not everyone is feeling it. poll finds 55% say buying stocks right now is good and 43% say a good idea. 69% describe the economy as poor or very poor. only a third say the economy is in good shape and retirement, are you prepared? a survey from the employee benefit research institute asks americans 25 and older and only 13% feel confident they'll have enough money to retire comfortably. it was more than twice that percentage before the recession, 49% those two slices on the left of your screen said they were not too or not at all confident, that's the highest percentage that group has ever recorded. will cain is a cnn contributor and good friend of the show and marc lamont hill, associate professor, stocks are up 10%, in the post crisis world do the rich get rich, and everyone else just runs in place? >> yes because the rich are accessing good information and they know now is a gre
safe financial move it could hurt young adults and economy as a whole. brenda buttner, anchor of "bulls and bears." i guess it's a story here is that young people are avoiding debt and not getting sort of themselves mixed up in some of these predatory practices that young people have been the target in the past. so had a part of the story is good, right? >> absolutely. during the great recession everybody stopped using their credit cards but particularly those under 35. especially undergraduates as you brought up. in a sense that is good, whenever you hear from a personal financial expert, get some extra money, pay off your credit card debt, but having no credit and misusing credit are two different things and could have potentially difficult implications for our economy and for these young adults. >> rick: i remember my mother telling me, go and get one credit card, buy something you need but get your books and put it on the card and then pay it off in full. that is the way to start establishing a good credit? >> who is your mom. eileen -- that is good advice to your son. that is exact
as it is because it's really a commitment to the economy of the whole region as to this particular project. having said that, the super bowl bid is an incredible thing and the strength of our bid is a collaboration of this whole region. this is how we think we will win this bid. this is not for any one particular city, it's us working together. not only on transportation issues, not only on cites, but all the hospitality that we have set. i want to thank all the regionals for working together. we want that super bowl xv very badly. we think we have the greatest opportunity to work for it and not only to win that bid, but to get ourselves in an incredible rotation for other super bowl hosting. we look at this long-term and it's the reasonable approach that will give us the strengths for the nfl to take into consideration. i want to be thankful for all the regions mayor's for joining us and the 49er organization. they brought us together at this time. it's going to be a great thing for san francisco. thank you. >> thank you for coming out. this is an amazing site. there are a thousand people working
records, taking, and larryeating bails glazer from the economy summit. and bruce is in pennsylvania where the snow has begun. reporter: well, neil, that heavy snow from this morning has turn into light snow this afternoon and now more of a freezing rain. literally minutes ago the sun made an appears and that is rare. no blizzard here but another significant snowfall. two or throw inches around most of the region, now a slushy mess. it began this morning. we expect it will not wrap up until late tonight. this is actually the 11th day in the month of march with some kind of trace amount of snow or more. none of them any big deal but all of them irritating. last month, one day with a trace of snow. temperatures much colder this march. the average high 15 degrees colder this march than last march, and just two days in the entire month of march that the national weather service would regard as clear, day where the sun was actually out. a fair number of fender benders this morning, but overall more of a slushy mess than a real danger. the temperatures are expected to get down near freezing, so
, and the economy. without it, things simply can't exist. woman: we have good health in this country, in part, because we have clean water. and we shouldn't forget that, and we shouldn't take it for granted. melosi: in the late 19th century, serious waterborne disease epidemics were having devastating effects. roy: but then, in the early 1900s, we began to treat our water. and since then, we've seen a rapid decline in the incidence of waterborne disease. narrator: most cities treat drinking water through filtration, chlorination, and sometimes ozonation to kill pathogens in the source supply. these are complex treatment plants that cost millions of dollars to operate, but are necessary for our wellbeing. the treatment of drinking water has been called one of the greatest public health achievements of the last century. the water infrastructure itself protects the treated water until it comes out of our taps. it's been since 1911, since we had an outbreak of cholera or typhoid in the united states. but that doesn't mean that it can't happen. it can happen. if we aren't on our guard all the time
. and stay the course. that's the message from the fed chairman ben bernanke today. he says our economy is improving but it still needs help. so the fed will keep interest rates at record low levels and will keep buying $85 billion in bonds each month. stocks like that, the dow up 56 points. briefly hitting a new record. the nasdaq up 25. the s&p up 10. of course, investors the world over are still watching the tiny island nation of cyprus as it nears possible bankruptcy. banks there are closed for the rest of the week now. and lawmakers are working on a plan b after parliament rejected a proposal to tax people's savings accounts. the fox business network peter barnes is live in the newsroom in washington. how concerned is the fed about cyprus? >> well, shep, he said the feted is paying attention to it, monitoring cyprus carefully. he said that so far its problems don't appear to be spreading to the u.s. or other countries. and that's the big concern here that this could become a contagion and trigger another financial crisis. but, bernanke suggested cyprus is unique, that its banking s
crude prices can tell us about the broader economy. stick around. ♪ ♪ no two people have the same financial goals. pnc works with you to understand yours and help plan for your retirement. visit a branch or call now for your personal retirement review. at a hertz expressrent kiosk, you can rent a car without a reservation... and without a line. now that's a fast car. it's just another way you'll be traveling at the speed of hertz. all stations come over to mithis is for real this time. step seven point two one two. verify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers. >>> good morning. welcome back to "squawk box" here on cnbc. i'm joe kernen along with becky quick and andrew ross sorkin. u.s. equity futures at this hour after giving back about 62, well off the lows yesterday. indicated that a bounce a little, but a time can happen between thou and 9:30 on the east coast. there's energy, you see crude
tourism economy is such a big deal for shore towns, seaside has vowed to be up and open for business on the boardwalk this coming summer. we are back with our monday making a difference report after this. an extraordinary group on the go setting its sights on helping a lot of kids. >>> finally tonight here we have an uplifting making a difference report. tonight from los angeles where things are now looking a lot better for a lot of kids. that's because of the efforts of some caring folks helping kids whose families can't afford the eyeglasses they need, giving them a chance to see and learn and thrive. our making a difference report tonight from nbc's miguel almaguer. >> reporter: for these kids, this bus is a sight for sore eyes. >> this is going to be exciting. >> who gets to go first? >> reporter: an eye clinic on wheels built by vision to learn that provides free eye exams and glasses to students in low-income communities. >> perfect. don't move. >> reporter: fifth grader dina ventura hasn't seen clearly since kindergarten. dina is one of 34 students getting tested at her school
back the economy and the g.o.p. believes mr. obama is creating a nation at war with itself. the affluent vs. the nonaffluent. over the weekend senator ted cruze of texas, a conservative, delivered a very emotional speech at cpac. >> my father came from cuba. he had been in prison. he had been tortured in cuba. and he came to texas with nothing, with 100 in his underwear. didn't speak a word of english. washed dishes making 50 cents an hour. in someone had came up to that 18-year-old kid avenue as he was washing dishes and suggested to him that 55 years hence his son would be sworn into office as a united states senator representing the great state of texas. [ applause ] that would have been unimaginable. >> now mr. cruze says his dad made it on his own without government assistance. he worked hard and provide for his family and now his son has achieved the american dream. that's the way this country is supposed to work. but president obama himself has a very compelling story to tell. his father abandoned him. he was raised primarily by his maternal grandparents in hawaii. h
shall face a total collapse of the banking system and of the whole economy. >> reporter: such talk may well be brinksmanship. it's not. these people and many more across europe would be forever changed by the events of the past three days. >> woodruff: for a closer look at the crisis in cyprus and why it's captured the attention of europe and the u.s., we turn to jacob kirkegaard, a senior fellow at the peterson institute for international economics. welcome to the program. >> my pleasure. woodruff: why does tiny cyprus, a population just over one million, have europe, the markets, the government so rattled? >> i think there's two main reasons. first of all that europe is still kind of on the edge. it doesn't take much to shatter the sort of recent lull of confidence that you have had in europe in the last couple of months. unfortunately, i think cyprus is one such thing. and the other element is that what happens in cyprus and with respect to the cyprusian banks have a large precedent-setting effect for how europe going forward is going to deal with banking crises in other european co
. if the economy hobbles along and don't get me wrong, the markets are roaring, we've had a few days where it has slowed just a bit. but the average american, the pedestrian middle class family how well are they doing? how confident are they? and if the economy slows for them, the prospects for immigration reform, i don't believe are nearly as high, if you don't get what mark has been saying now for over two weeks. the sequencing done right on this cut spending cuts and tax reform. things sound great and they're moving along now. but joe, as we talked about earlier, you're going to have reticent democrats. and even key congressional races who are going to slow down a bit and saying, look, i want immigration and guns dealt with, what are we doing about the economy and the budget, the debt, and tax reform? >> and this is, richard haas, you can only push people so far, i mean, not the republicans' best friend. this weekend said democrats you're about to lose me. i pay 40% federal, 15%. well, i hear we have it cued up. let's go. this is bill maher this weekend. >> -- actually do pay the freight in th
newshour has been provided by: moving our economy for 160 years. bnsf, the engine that connects us. >> and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> ifill: today's supreme court arguments pitted a national law against a 2004 arizona voter registration bill. the case explores the extent of state powers against the controversial backdrop of voting restrictions. arizona's proposition 200 requires state residents to provide either a driver's license, passport, birth certificate or physical proof of citizenship before they can vote. but an existing federal law requires only a sworn statement of citizenship on a voter registration form. supporters say the arizona measure cuts down on voter fraud by keeping noncitizens from voting. but opponents argue the la
a two day meeting on the economy this afternoon. then fed chairman ben bernanke will hold a news conference. we will have live coverage of his remarks to reporters at 2:30 eastern on c-span3. here's some of what we're covering this morning. the house is expected to finish work on the republican budget of the 2014 budget. live coverage of 10:00 eastern on c-span. on c-span2, the senate is working on a measure to fund the federal government for the rest of the fiscal year. testifying about the ongoing two year civil war in syria. that live hearing starts at 9:45 eastern. this week marks the 10th anniversary of the start of the iraq war. in 45 minutes we will talk with california representative barbara lee, who opposed u.s. military action in iraq. and a congressman who served as a u.s. air force reserve chaplin, we will get his perspective on the war and veterans' issues. will, a virginia senator join us as part of our spotlight on magazine series. he writes about the role of congress in u.s. foreign policy. we will also take your calls, e- mails, and host: good morning, and welcom
building and strongest economy? now, an economist named andrew lawrence is behind something called the skyscraper index which shows that the construction of very tall buildings is actually a great way to predict the onset of economic changes. so here's how it works. when a skyscraper begins construction, everybody is all excited, ebuhl yent, right, the country is growing. usually too excited and there is a dramatic plunge in the economic outlook of a country. but according to the index, once the skyscraper has finally finished, the economy will be climbing back. one world trade center will be america's tallest tower when it is completed next year. and even though americans' confidence in the economy is bad, our new tallest building seems to indicate things are looking up. hey, you know, i know it's just one tower. and sure, it's a rather thin hope. but if thein be detection holds true, america's economy is going to be in a way better place, a lot sooner than anybody thought. anderson cooper starts now. >> erin, thanks. good evening, everyone. a very big night tonight, including the
in the 2008 meltdown of the american economy, as of late 2012, there have been several civil suits filed against major wall street financial firms, but not a single criminal prosecution. in this edition, we look back at the 2008 financial crisis and the failure of government regulators to prosecute those who might be criminally responsible. later, lehman brothers bankruptcy investigator anton valukas shares his findings on the collapse of the giant investment bank where no senior official has ever faced charges in the biggest bankruptcy in u.s. history. but first we begin with a nine-month 60 minutes investigation looking for wall street cases that might have prosecutorial merit. in december 2011, steve kroft reported on two such cases. we begin with a woman named eileen foster, a former senior executive at countrywide financial, one of the epicenters of the crisis. >> do you believe that there are people at countrywide who belong behind bars? >> yes. >> do you want to give me their names? >> no. >> would you give their names to a grand jury if you were asked? >> yes. >> but eileen foste
there. the economies there were slow and germany the fifth biggest. great britain at number eight. france the 9th largest. all shrink shrinking in the last quarter. that is not what you want. entire eurozone by the way losing huge number of jobs. a record 19 million are unemployed. martha: deadly storm causing serious problems across the south. areas of alabama got pummeled with large hail. some of it was the size of baseballs. that is an unusual sight. that is what they had there. high winds causing issues in georgia. thousand people waking up without power there. national weather service say the storm destroyed a store and a dozen homes. look at the wreckage on the ground. one man was killed when the wind topple ad tree on to his car. bill: we had whiteout conditions here in new york city last night and a new round of snow making for a tough commute across the northeast. new england could see the worst of it. that region getting hit with several major storms over the winter. it could get up to 20 inches of snow by the time this storm passs? maria molina live in the fox severe we
the economy shows stronger signs of growth. for more on what this means for the u.s. economy, let's go to cnbc's karen cho. a rollerer coaster ride the las couple days. >> we're looking for a mixed start. we're expecting to see a bit of a dip out of the gates for the like of the s&p 500 and also the nasdaq. there were gains across the market yesterday. this is exactly what investors are looking to see. the same stimulus train thanks to ben bernanke. we heard that the qe program, $85 billion a month in mortgage and treasury purchase will remain for the foreseeable future. ben bernanke still keeping an eye out for potential negative effects from the policy. but so far he's promised the markets this will continue. in terms of the commentary around the dart, we did see adjustment lower on the growth forecasts. smament, ben bernanke is pointing to the fact that there has been some improvement in the likes of the housing market. the fiscal consolidation thanks to its playing out for the budget, this is going to have an impact in 2013 growth, 2.3% to 2.8% is the number we're looking at. this is down
. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> as president obama visits israel, the israeli embassy in the united states tries its best to convince everyone that they're best buddies. the israeli embassy actually released this very strange little video to try to make that point. >> warmly welcome president obama to israel. express our appreciation for what he has done for us. >> the bonds between the united states and israel are unbreakable. the commitment of the united states to the security of israel is ironclad. ♪ thank you for being a friend, traveled down the road and back again ♪ ♪ your heart is true, you're a pal and thank you for being a friend ♪ [ female announcer ] new york strips. sudden trips. mr. wiggles and curling irons. for the little mishaps you feel, use neosporin
, knoxville, tennessee, have in common? they have bigger economies than cyprus. it has over a million people. gdp of about 24 billion. but this place is in big trouble right now, because of the issue of debt. what they have is a massive debt. they're spending more than they have, so they're getting a bailout from the eu of about $13 billion. we're going to do this all in dollars, not euro, to keep it all clean here. so, of course, with the bailout comes, as we've seen with other nations, you s as you austerit measures. but the savings tax. essentially, a 6.75% tax on $131,000 and below. you get the picture. if you have $131,000 in the bank right now, and this thing gets approved tomorrow, if that happens, they would come in and take about $9,000 out of your account. even more if you have more. now, the plan is if you do this, you get shares of the bank, and then, jake, when everything gets fixed, theoretically, you get your money back and maybe some more. >> tom, you said cypriots. i said cyprus. >> we'll settle that later. >> thank you so much. >>> also leading money news, how bad are thing
politics a long time and the kind of performance in the recent years with the economy. everybody is frustrated. that is the good news scenario. the bad news scenario we literally fix it and we relive 2008. >> can i ask a question as conservatives especially focus on the issue of deficit and what we are going to do about it and it becomes a rallying cry. where was that rhetoric when we were involved in two wars and paying for them on a credit card and having two major tax cuts put in place? iraq war is one of the first wars we haven't had a war tax. where was that fiscal responsibility a decade ago? >> missing. and i'm the wrong person to ask this. because i said famously in budget circles. it's a big crowd. in three the party is over, people get it and not spend any more money and ten years later, i was dead wrong. we lost our rudder somewhere. that's something that america actually stuck to and lived by and served america well 200 years. since then we have developed big problems. >> i also illusion the war would pay for itself and be resolved within six months and up and running
austerity we were pushing ruined economies -- it was the dumbest thing we could have asked for. and the real story behind greece being the assumption around the world has been that greece got into a big financial problem. they were paying too many social entitlement payments to their people. they got under it. they borrowed money to cover it and then they got in too deep. and they got the bailout money and somehow it didn't fix it. and you keep hearing we're going to become greece. >> right. >> hal: it's the gdp versus debt idea. which is stupid. you find out the real story behind greece -- which again, not to get too much like lee camp where you start to lose your money and try to remain funny, but at the same time you are like what the hell -- the greece idea is we'll give you this money but you have to cut your social entitlements. we'll give you this but you have to cut these ridiculous entitlement programs. >> entitlement for social protection? >> hal: it was all kinds of stuff like that. unemployment insurance, their equivalent of medical payments -- it
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life. but great institutions like the family. about a growing economy.about ai strong national defense. we care of about these things so much because fundamentally, we are the people who truly care about people. we love people. in this country. we want everyone to succeed in this country! am. >> i want to talk a little bit about what is logical and what is common sense. today. because we don't hear a lot of that. and i don't think that common sense should be something that is just for conservatives. liberals and everybody else should understand and enjoy common sense also. for some strange reason, sometimes they don't. >> you see, as conservatives, we shouldn't take a back seat to anybody. we have a moral cause. it is not just about balancing budgets. it is not just getting the economy going. what we stand for is not taking thing away from people. that's the other side. p this president measures success by how many people are dependent on the government. we measure success in government by just the opposite, by how many people are no longer dependent on the government. not because we h
to intervene in an election and it doesn't work. he has unfounded economies about commitment to israel given what his public statements are. president bush, last president bush didn't visit israel until the end of his second term. president reagan never visited. apparently republicans think that still isn't sufficient. the very fact that this president gave a speech to the arab and muslim world early in his presidency is enough of a question mark. and netanyahu has to get beyond that. obviously the president in dealing with all the various challenges has to get through this as well. they are both bigger politicians and bigger international players than this particular spat. >> the day after the election, in the "the new york times," it said this about what netanyahu had done in the campaign. what took place this time was a breaking of all the rules. when our prime minister intervened in the u.s. elections in the name of an american billionaire with a clear interest in the vote, the very same billionaire who used israel's prime minister to advance a nominee of his own for president, billionai
on with the economy... fed ex shares hit a road block with investors-- falling-- more than 7 dollars yesterday.. after the company revealing profits fell 30% last quarter wtih weakness in asia. the company also pulled back on its full year forecast. shares of caterillar lost more than a dollar. the construction equipment company said sales of its machines are down 13%. homebuilder lennar attracted buyers as the stock rallied $2 as the company reported its well positioned for this year and next. monster energy is changing the way it markets its products. energy drinks will now be classified as a "beverage" -- instead of a "dietary supplement." under the switch: monster will no longer be required to inform regulators about reports linking its drink to injury or deaths. rockstar energy made a similar move. energy drinks are under intense scrutiny after a 14 year old girl died after drinking two cans in one day. as for the tobacco industry.. graphic images of diseased lungs will "not" appear on cigarette labels. the government has dropped its push for such warnings on packages and will go bac
to eat and consume. they help the economy and take jobs from no one. you can share your tweets tith us. -- with us. focusingrom reuters, u.s. immigration detention cost. there was much controversy recently about federal officials releasing hundreds of immigrants from detention centers, ahead of the looming budget cuts. the real issue should be the u.s. taxpayer foot as the bill to retain more than 30,000 people every day. not a group of immigrants to pose little threat to public safety were transferred out of federal facilities last week. and he says that should not be the focus. instead the fact that they're being detained should be. she writes whenever the circumstances surrounding the move, the result is barter -- smarter enforcement that could save the government hundreds of thousands based on data from the president's most recent budget request. at some of the numbers here. in the meantime, we will take this call. gabriel, tampa, florida. democrat line. good morning. yes.er: host: what are your thoughts about not as violent illegal immigrants? [inaudible] host: is that adequate? d
of people's savings. bankruptcy could rick shay through the fragile economies of europe straight to the u.s. a vote is expected in cyprus in the next couple of days. >> all right with a ban on supersized soda on hold michael bloomberg now taking aim at tobacco. it's to encourage young people from smoke according to the mayor. >> tobacco targets children, going neighborhoods where the bottom end of the economic ladder and they believe those people are more susceptible to add ads and less able to make the distinction. >> new york has some of the most restrictive antismoking regulations in the country, cigarettes banned in many public parks and other public places as well. >>> brings us to the facebook question of the day. what would you do to stop children from smoking cigarettes? d logon to wnn.com. mayor bloomberg is told to but out. >> when i cover my red wine from my cold, dead fingers i'm taking a stand. >> that's the question, how far do you go if it's really for the kids, how far do you go? >> it's about education. it's good they don't have the commercials on tv but bocks behind the
depositers will be spared but the little guys will suffer another way. the economy here is set to slow down. here is what we felt out on the streets of nicosia hire today. you might get some cash out of atm. in cyprus and there might be a bailout in place but in fact it is a holiday in this country. we talked to the folks here and their mood is definitelily not sunny. old money. you think that is better than the new money, the euros because of what happened? >> yes. because, before we believed europe is with us. now it is not with us. >> all of our money but this is also part of the deal, you know. >> it's too bad. >> it's bad. >> why? >> we're suffering. >> reporter: the president of cyprus is set to go on tv tonight. his government is being blamed for a lot, including his country into a bit of a tax haven for rich russians and banks are reportedly set to finally reopen again on tuesday but restrictions are in place. the big fear is, there will be a run on those banks. jenna, what is the u.s. takeaway from all this. well ally and strong trading partner europe is still in place. that is a g
skidding by in this tough economy. >> keith ellison, thank you very much for coming in. >> thank you. >> democratic congressman from minnesota. >>> up next, a surprise for president obama. what our latest poll shows about his job approval. >>> then, an insider from the bush white house is spilling the beans about the march to war in iraq ten years ago. the former bush speech writer is here live. zap technology. arrival. with hertz gold plus rewards, you skip the counters, the lines, and the paperwork. zap. it's our fastest and easiest way to get you into your car. it's just another way you'll be traveling at the speed of hertz. bob will retire when he's 153, which would be fine if bob were a vampire. but he's not. ♪ he's an architect with two kids and a mortgage. luckily, he found someone who gave him a fresh perspective on his portfolio. and with some planning and effort, hopefully bob can retire at a more appropriate age. it's not rocket science. it's just common sense. from td ameritrade. >>> if there was ever a second term honeymoon, it looks like it's over. president obama's j
into this country from syria dominated the discussions. king abdullah has a country with a tough economy to begin with. they've spent nearly $1 billion. they say they are approaching half a million syrian refugees and they think it will keep getting worse. the president promised about $200 million more. the united states is already giving quite a bit of money to the syrian refugee crisis but he promised to ask congress for $200 million more. most of the effort was on the refugee crisis here, although jordan has a very good intelligence service. the president and his national security team also comparing notes with the king and his team about the big questions about chemical weapons and the king's assessment of how long assad can hang on. >> all right. on king, thanks. >>> there's a lot more happening tonight. randi kaye is here with the "360" bulletin. >>> authorities in virginia are not disclosing a motive in last night's deadly shooting at the marine corps base. officials say three marines are dead including the suspected gunman. he died of an apparent self-inflicted gunshot wound. the incident
of having done that on our economy and on our standing in the globe? >> i think any way you cut it, the decision to go to war in iraq was a disaster and took our eye off afghanistan and al qaeda. and the human toll was enormous. 4,500 u.s. service members died. 100,000 at least iraqi civilians were killed. the cost estimate is between $1 to $3 trillion depending on what study you look at. it was an enormously costly mistake for our country. i think that the american people lost a lot of faith in their leadership to tell them the truth. to make decisions about war and peace based on facts and not misrepresentations of intelligence. and it hurt our standing around the globe. any way you cut it, this decision was a disaster. >> you work inside the white house. do you think they knew that they didn't have wmd? what do you think is the real reason why we went into iraq? >> that's a great question. something struck me having been in that building is how difficult these choices. are i remember hearing a very senior member of the intelligence committee say the circumstantial case for wmd i
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the stay of the economy. and as things get better, we will love the congress, the media, the president better as well. other thicks involved as far as congress that's a good case. this congress and the last congress has been less productive than any congress i can remember. if you want to pull out that, good, i think the polls reflect the outcome. on media, there are things that are happening. not only in the future but the past now at least since cable news, fox of '96, cnn was '81. that was the idea we factionize. we had three choices. we were watching the same thing. they were competing with others but they were giving us a centrist view of the world. suddenly when you could break it down to the units and the units were going to be on 2 hours a day and cheaper to hire somebody to hold forth each evening, you started to obviously divide the media but also divide the audience. and you see that too. so it's to take a lot of work to put the audience back together. it was very productive financially to separate it. i think that's happening as well. >> hello, i'm also a student american u
in this country, look at our economy, whether or not it's growing or whether or not it's shrinking ab how much we export to other parts of the world, a new report shows that china will overtake the united states as the world's number one economy by 2016. >> jesse: really? is that true? >> well, it's a report from the organization for economic cooperation and development. their forecast differs from other people's forecast which says basically because of china's demographics, they have a lot of people. >> jesse: a billion people, a lot of people to tax. >> alisyn: that's right. so the other prediction said it would be by the year 2020. this puts it four years earlier, by the time the president is leaving office. >> jesse: you could have on obama's watch, president obama, us being downgraded for the first time and lose the title of the number one economy in the world. that's staggering. >> clayton: to be fair to the president, this certainly didn't start under president obama, it started many years ago in china, but also, look, it's easier in china to have this kind of growth when you're doing it o
. >> reporter: the president of the second largest economy in the world is shoring up deals during an international blitz of state visits and yet some can only talk about his wife. he is married to china's new president. the first lady visited a russian boarding school this past weekend and it seemed to be helping to present a softer image of china, as the husband finalizes trade deals with russia and african countries as well. but she's a star in her own right. she has a master's degree in music and even recorded a music video during the 1980s. in china she's well known as a soprano singer but more recently has been attached to various humanitarian initiatives related to hiv/aids and tuberculosis. it's rare to see the wife of a chinese leader so you could say china is changing its tune as it deals with international relations. back to you. >>> tonight, panda-monium. at od, whatever business you're in, that's the business we're in with premium service like one of the best on-time delivery records and a low claims ratio, we do whatever it takes to make your business our business. od
't work, which is why our budget focuses on accelerating the economy and putting people back to work right now, for example getting rid of the sequester. so i guess the bottom line, soledad, it's good they're recognizing they've got a problem. but as far as i can tell they misdiagnosed. >> you say with the exception of immigration, and immigration is a big exception. you can see paul rand talking about a pathway to some kind of citizenship. in the tea party. that's i think a little bit of a surprise for some people. do you worry as a democrat that with republicans, i think, correctly analyzing the issue, and the problem they have with the fastest growing demographic in this country that that's going to be a real challenge to democrats? >> look, i'm glad that our republican colleagues are finally on board with immigration reform. we've gone at a very short period of time -- >> right but that's not my question. my question is do you worry that that's going to be a, a part of getting them to capture the hearts and minds of -- >> no, i don't worry -- >> -- idea as really republicans if there w
the things the blood flowing of our economy without oil in its form. we do not have the technology to move past that, and therefore we are at the whim of big oil on a regular basis. the insurance companies and the current medical establishment has the constant resource of funds in the form of an aging population and a consistent and sometimes, you know, you can even create a disease where there is none as far as a label goes and start treating it, whether or not it needs that kind of treating. they have a constant flow of money. there is no way to tamp down, and that's part of i guess the p.r. push of this is that necessary care is used as a way as a hammer against anybody who would want to limit their growth as far as the profit-making industry. it makes it especially as the baby boomer generation ages. let's take a break and when we come back, i would love to hear where you think the next steps can come from, because obviously health care as we have it, a lot of people, you know, said all or nothing. if i can't get a single pair, i don't want it at all, but the protections against preexi
and now cyprus? >> it's a little tiny island economy that it really, i mean the dow was whipsawed yesterday in this country because we're watching what happens there. all of these cracks in europe very important to the u.s. stock futures right now are up. dow futures are up 30 points. this tiny country bears watching this morning. the problem is going to sound familiar to you. if cyprus doesn't get a bailout, it could go bankrupt, exit the euro-zone and lead to financial instability at exactly the wrong time for the world economy. the plan to fix the problems there include slapping a fee on bank deposits in the country. we complain about bank fees here. this is one major bank fee. they voted this bank fee down and now a bailout of the country is in jeopardy. here's what they were thinking of. if you get a bank account with $129,000, you would have been taxed $8,700, gone. taken right out of your account just like that. the people in cyprus protested and rushed to withdraw their money. look at the protest lines at the banks. any bailout needs to come with strings attached and the r
dug in new york that will transform the economy. you have the road under construction from the capital to what is now west virginia. we had a whole debate going on about internal improvements and what the role of the federal government should be and all that. this is a country poised for economic take off. much like a light eisenhower presided -- >> as you work your way, how much evidence is there about elizabeth monroe? >> there is not a lot. based upon what her elder daughter reported, at some point after he left the presidency, monroe burned all personal correspondence. there is one letter that survives that is written by elisabeth. there is one letter from james to her that survived. what baffles me and drives me nuts is there is only one letter she wrote to somebody else. she had extensive correspondence with her sister and friends and these letters do not seem to be anywhere. i do not understand why not. it seems like somebody would have kept some of these. consequently, having firsthand evidence of what she thought about things, we do not have. there are letters monroe wrote to
.s. not charged at this point. now to the story threatening the global economy and affecting stocks here at home. outrage is growing in the small nation of cyprus. the government would seize 10% of the people's bank accounts for the bailout. banks are shut down to prevent people from withdraws their savings. >>> here at home, a computer glitch set off a panic for chase customers. when they checked the balances in their accounts, they saw this. the bank says it was there error. the problem is resolved. >> good news. i thought it was just me. >>> now to winter's blast. snow and ice hitting so much of the country. with an update of sorts, sam champion, the man we're blaming this morning. >> let's show you how much the entire eastern coast of the country, enveloped in the country. up to 10 inches of snow up to 2 feet in the mountains of new england. more than 360 storm reports in the south. most of them big, big hailstones and powerful winds. the pictures out of mississippi. the last few places to pick up snow this morning. from northern new york state to burlington, maine. the entire state of massa
york that will transform the economy. you have the road from the capital to west virginia which you have this whole debate about internal improvements and what the role of the federal government should be and all of that. this is a country poised for an economic take off. monroe prosides over it. dan, as you work your way academically through the monroe papers, how much documentary evidence is there about elizabeth monroe? >> unfortunately there is not a lot. based on what her daughter reported was that at some point after he left the presidency monroe burned all personal correspondence. there is one letter that survives that is written by elizabeth. there is one letter from james to her that survives. what baffles me and drives me nuts is there is only one let they're she wrote to somebody else. she had an extensive correspondence with her friends and sisters and these letters aren't anywhere. beyond why not. seems like somebody would have kept some of these. subsequently there is a lot we don't have. there are letters that mon crow wrote to her sons-in-laws that talk about family
to listen to the message you have about the economy, about health care, about education. because they're so turned off by the rhetoric about illegal immigration. and that i think is what ari and the republican party is talking about now. >> so john berman has covered politics for a gazillion years. richard, you are my nonpolitico. are you moved? is there a sense of a relaunch? >> i'm the type of person that i'm to be persuaded, right some but to me, i know especially this 18 to 29 group, i just feel like it seems like marketing. and i hear the word brand and to me that makes it seem that it's not authentic. so i think social issues, but this idea of the package and -- it just seems like a branding and a marketing thing and i think a lot of young people are pretty wise to that sort of approach. >> so let's go right back then to jake. when you look at the cpac, right, and the straw poll that came out of that, you had rand paul winning with 25%, right behind was marco rubio, something like 23%. and you had contra ticker to me contradictory messages. again, polar opposites on the state of the r
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